Day: April 8, 2015

Securities：证券，是各类财产所有权或债权凭证的通称，是用来证明证券持有人有权依票面所载内容，取得相就权益的凭证。所以，证券的本质是一种交易契约或合同，该契约或合同赋予合同持有人根据该合同的规定，对合同规定的标的采取相应的行为，并获得相应的收益的权利。按其性质不同可将证券分为证据证券，凭证证券和有价证券。有价证券又可分为：（1）资本证券，如股票、债券等；（2）货币证券，包括银行券、银行票据等；（3）财物证券，如货运单、提单、栈单等。 An instrument representing ownership (stocks), a debt agreement (bonds) or the rights to ownership (derivatives). A security is essentially a contract that can be assigned a value and traded. Examples of a security include a note, stock, preferred share, bond, debenture, option, future, swap, right, warrant, or virtually any other financial asset. Securities are…